IMF approved plans to change the line of credit to prevent a crisis
YORK August 31 morning news, the International Monetary Fund (IMF) Monday said the organization has approved changes to its line of credit program aims to encourage the development of countries in crisis before the application for the credit to the organization . Over the past 18 months, the organization has been to countries such as Romania and Greece provided assistance.
International Monetary Fund said in a statement, the organization's flexible line of credit program will be extended up to two years, and there is no limit. In addition, the organization also has created a new line of credit, line of credit, the possession of "medium vulnerability" of the economy with additional financial policy.
International Monetary Fund, the main Domenici Strauss - Kahn (Dominique Strauss-Kahn) said in a statement: "The decision to expand and strengthen crisis prevention 'toolkit', is our Member States to jointly enhance the global financial safety net is an important measure taken. "He said the changes would" enable the International Monetary Fund to help members protect themselves from excessive market volatility damage. " (Jin-liang)
